Designing a shoe is pretty much the same as designing a data center, so that’s a solid pivot.
pmd006 on
Back in my day if you wanted your stock to explode overnight you just slipped the word „blockchain“ into your latest earnings report.
adamcmorrison on
Didnt it used to be hundreds of dollars?
Even_Package_8573 on
From sustainable footwear to AI infrastructure… that’s not a pivot, that’s a full character reset.
SkywardLeap on
This timeline blows.
tlh013091 on
I mean, they’re a little late, aren’t they?
Gnaightster on
We live in the dumbest timeline
NBAFAN9000 on
Why make shoe when AI do trick
nankerjphelge on
Easiest short ever.
thenewguyonreddit on
Nike CEOs hate this one weird trick!
Manpooper on
This is totally normal. It’s not a bubble. *sticks head in sand*
RepresentativeCod757 on
Excuse me what the fuck
Effective-Method7485 on
I wish I was smart enough to know how to short stocks
m64 on
This is the Long Blockchain Corp. moment for AI.
Glum_Avocado_9511 on
Failed shoe startup announces pivot to AI infrastructure and their stock quadruples instantly? Very normal and cool.
eastcoasternj on
The stock market is an absolute joke.
MustWarn0thers on
Buying compute resources and leasing them, wow what a unique and groundbreaking business model!
The wall street geniuses are blown away and can’t pass up this opportunity.
ElGuano on
This is like when Kodak announced a shift from film to crypto.
elmatador12 on
I’m pivoting to AI too. Can I have money please?
beehive3108 on
Data center will be powered by pretentious upper middle class people running on treadmills
AvailableReporter484 on
Anyone else love that our entire global economy is completely reliant on a bubble? This shit rocks tbh
StillSwaying on
AI my ass.
They’re going to give up all of their customer data.
That should be pretty juicy considering the kind of people who bought their shoes.
AlkaiserSoze on
Allbirds made some really nice shoes that were completely recyclable. That was a wonderful product. Now they’re doing AI. Which wastes resources.
TheRatingsAgency on
300% – good grief this AI stuff is ridiculous
dat_tae on
>The Company will initially seek to acquire high-performance, low-latency AI compute hardware…
Famously easy and cheap to get right now.
BoysenberryDue3637 on
And more money was wasted on bullshitAI. Hey just found the name for my website.
Drach88 on
This is reminiscent of the late 90s in which companies simply added „.com“ to their business name and saw their stock price shoot up speculatively.
7screws on
How is this not an Onion article…
rogerwilcove on
But won’t even commit to changing the name to AIbirds
Urass007 on
I thought Sora bombing would mean that investors would be cautious about AI and the bubble would begin to burst.
Guess fucking not.. at least the first part. It will still burst.
EA827 on
In other news I am now pivoting from being a loser to being and AI loser. Please pay me.
avogadro23 on
What’s even more nuts is that Allbirds has always touted how environmentally friendly their shoes are. Now they’re going to be in one of the least environmentally friendly industries.
Doctor_Amazo on
Nothing highlights that AI is all bubble than this.
Investors are stupid.
The market needs better regulation.
IceBearKnows89 on
It’s a giant bubble.
I’m in Oregon and a medium sized distillery here just did this.
Yup, pivoted directly from distilled spirits to crypto and AI. They still have the same employees. I swung by before they closed and the employees had no idea what their jobs were anymore. They were brewers, who now worked for a crypto/AI company?
Website is all nonsense and buzzwords. I get that it feels like the future/get rich quick scheme. The vast majority of these ventures are going to fail and fail hard.
Everyone can’t get into AI, there has to be some other parts of the economy left.
LookAnOwl on
A bunch of shoe designers just sitting there at an empty Claude Code terminal.
fightin_blue_hens on
VCs are the dumbest people on earth
Eriiiii on
if anyone is wondering, the reason a company like this would do this is it was always a pyramid scheme stock that had leadership with larger (shadier) aspirations. they used the shoe company as an onramp into the stock market via ipo, then they pivot to a burgeoning tech that would have required more scrutiny for them to ipo under that model. its similar to how spac’s weasel companies onto the exchange
beachtrader on
“The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service,” the company said in the announcement.
Good luck with that.
RedHawwk on
I DECLARE AI
DrapedInVelvet on
Fun fact: watch it just be a shoe deal with Allen Iverson.
Stock crashes tomorrow.
frigginjensen on
New Pets.com
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41 Kommentare
Designing a shoe is pretty much the same as designing a data center, so that’s a solid pivot.
Back in my day if you wanted your stock to explode overnight you just slipped the word „blockchain“ into your latest earnings report.
Didnt it used to be hundreds of dollars?
From sustainable footwear to AI infrastructure… that’s not a pivot, that’s a full character reset.
This timeline blows.
I mean, they’re a little late, aren’t they?
We live in the dumbest timeline
Why make shoe when AI do trick
Easiest short ever.
Nike CEOs hate this one weird trick!
This is totally normal. It’s not a bubble. *sticks head in sand*
Excuse me what the fuck
I wish I was smart enough to know how to short stocks
This is the Long Blockchain Corp. moment for AI.
Failed shoe startup announces pivot to AI infrastructure and their stock quadruples instantly? Very normal and cool.
The stock market is an absolute joke.
Buying compute resources and leasing them, wow what a unique and groundbreaking business model!
The wall street geniuses are blown away and can’t pass up this opportunity.
This is like when Kodak announced a shift from film to crypto.
I’m pivoting to AI too. Can I have money please?
Data center will be powered by pretentious upper middle class people running on treadmills
Anyone else love that our entire global economy is completely reliant on a bubble? This shit rocks tbh
AI my ass.
They’re going to give up all of their customer data.
That should be pretty juicy considering the kind of people who bought their shoes.
Allbirds made some really nice shoes that were completely recyclable. That was a wonderful product. Now they’re doing AI. Which wastes resources.
300% – good grief this AI stuff is ridiculous
>The Company will initially seek to acquire high-performance, low-latency AI compute hardware…
Famously easy and cheap to get right now.
And more money was wasted on bullshitAI. Hey just found the name for my website.
This is reminiscent of the late 90s in which companies simply added „.com“ to their business name and saw their stock price shoot up speculatively.
How is this not an Onion article…
But won’t even commit to changing the name to AIbirds
I thought Sora bombing would mean that investors would be cautious about AI and the bubble would begin to burst.
Guess fucking not.. at least the first part. It will still burst.
In other news I am now pivoting from being a loser to being and AI loser. Please pay me.
What’s even more nuts is that Allbirds has always touted how environmentally friendly their shoes are. Now they’re going to be in one of the least environmentally friendly industries.
Nothing highlights that AI is all bubble than this.
Investors are stupid.
The market needs better regulation.
It’s a giant bubble.
I’m in Oregon and a medium sized distillery here just did this.
Yup, pivoted directly from distilled spirits to crypto and AI. They still have the same employees. I swung by before they closed and the employees had no idea what their jobs were anymore. They were brewers, who now worked for a crypto/AI company?
Website is all nonsense and buzzwords. I get that it feels like the future/get rich quick scheme. The vast majority of these ventures are going to fail and fail hard.
Everyone can’t get into AI, there has to be some other parts of the economy left.
A bunch of shoe designers just sitting there at an empty Claude Code terminal.
VCs are the dumbest people on earth
if anyone is wondering, the reason a company like this would do this is it was always a pyramid scheme stock that had leadership with larger (shadier) aspirations. they used the shoe company as an onramp into the stock market via ipo, then they pivot to a burgeoning tech that would have required more scrutiny for them to ipo under that model. its similar to how spac’s weasel companies onto the exchange
“The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service,” the company said in the announcement.
Good luck with that.
I DECLARE AI
Fun fact: watch it just be a shoe deal with Allen Iverson.
Stock crashes tomorrow.
New Pets.com